07/07/2026
Now available: 2124 Penn Avenue – The American Wholesale Building.📍
Opportunities like this don't come around often.
Built in 1903 and prominently located in the heart of Pittsburgh's Strip District, this iconic 37,500 SF mixed-use asset combines strong in-place cash flow with exceptional long-term upside. From its historic brick-and-beam character to its extensive recent capital improvements, this property is well-positioned for its next chapter.
Highlights include:
✔️Prime Penn Avenue location in one of Pittsburgh's most dynamic neighborhoods
✔️Approximately 73% occupied with diversified retail and office tenancy
✔️Significant recent capital improvements, including a new roof, passenger elevator, upgraded fire protection, and building-wide security
✔️Value-add opportunity through lease-up of existing vacancy
✔️Adaptive reuse potential, including the possibility for approximately 40–45 residential units (subject to approvals)
Whether you're seeking a stabilized investment, a repositioning opportunity, or a landmark redevelopment project, 2124 Penn Avenue offers a compelling combination of current income and future value.
For more information or to request the offering memorandum, please reach out.📲
